Tag: businesses
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Rate for PPI falls to 28.3 % in August 2023
Recent data from the Ghana Statistical Service (GSS), show that the Producer Price Inflation (PPI) for the month of August 2023 fell marginally to 28.3% from the 32.9% recorded in July 2023. This represents a 4.6 percentage point decrease in producer inflation relative to the rate recorded in July 2023 PPI is the average price…
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Businesses cited for non-compliance with VAT regulations
The AH Hotel in East Legon has been found to be in violation of the country’s Value Added Tax (VAT) regulations. An inspection by the domestic tax compliance taskforce of the Ghana Revenue Authority (GRA) on Tuesday revealed that the hotel does not issue VAT receipts to its customers. The meeting with the hotel’s management…
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FGBMFI urges businesses to maintain corporate values
Businesses are being encouraged to eschew practices and standards that raise questions of integrity of the corporate space. This, according to the Corporate Business Development Directorate of the Full Gospel Business Men Fellowship International will enhance consumer trust and offer some economic relief to the general public as the country is recovering from the economic…
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Corporate bodies urged to use AI to improve productivity
Stakeholders in the tech industry are urging corporate bodies in the country to leverage artificial intelligence (AI) to enhance their competitiveness in the globalized marketplace. The call comes on the back of the rapidly evolving landscape where AI technologies have proven to be instrumental in transforming businesses worldwide. Chief Executive Officer of Web and Software…
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Withdrawal of growth and sustainability levy in 2025 unlikely – Tax analyst
Tax Analyst, Francis Timore Boi has indicated that government is unlikely to withdraw the Growth and Sustainability Levy after 2025 as promised. Parliament on March 31 passed the three tax bills including the Growth and Sustainability Levy. President Akufo- Addo has since assented the bills into law. Many in the business community including the Ghana…
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![How to overcome startups obstacles in Ghana [ARTICLE]](https://citibusinessnews.com/wp-content/uploads/2020/07/side-hustle-business-nigeria.jpg)
How to overcome startups obstacles in Ghana [ARTICLE]
In recent years, Africa is making great strides to become the launch pad for high-growth innovative companies. This is evidenced by the increasing number of tech startups to have received financial backing, which grew by 46% annually. This is six times faster than the global average, according to Partech Partners (a venture capital firm in…
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Building trust is key to attracting the right investment – Togbe Afede XIV
President of the National House of Chiefs and Founder of SAS Finance Group Ltd, Togbe Afede XIV, has stated that one key ingredient a country or entrepreneurs need to attract the right kind of investment and development is trust. According to him, when it comes to the growth of businesses, nothing could be more important…
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Ten benefits from NPP’s 2020 manifesto businesses are likely to enjoy
Creating and maintaining a business climate that stimulates inclusive and sustainable industrial development must be at the core of any government’s effort to spur the growth of vibrant and competitive industrial sectors. As part of efforts to improve the business environment in Ghana, the New Patriotic Party (NPP) government has embarked on a coordinated national…